Prodways Group Sa · EURONEXT:ALPWG
Prodways Group Sa — FY2017 Earnings Presentation
21 slides from Prodways Group Sa's earnings presentation, Apr 3, 2018
Slide 1: Full year 2017 Results
3D PRINTERS & MATERIALS | PRODUCTS Full year 2017 Results Paris, 3 April 2018
Slide 2: Safe Harbor
SAFE HARBOR This presentation contains statements on past events and forward-looking statements including statements regarding future goals or targets. Forward-looking statements reflect current expectations for results and future events. Such forward-looking statements and targets depend on known a
Slide 3: Contents
CONTENTS 1. 2017 operational highlights 2. 2017 financial highlights 3. Strategy and outlook 4. Q&A 3
Slide 4: 2017 operational highlights
2017 operational highlights Raphaël Gorgé, CEO 4
Slide 5: 2017 Key Achievements
2017 KEY ACHIEVEMENTS DIFFERENTIATING Broadening of our portfolio of solutions with ProMaker LD-10 and TECHNOLOGIES P1000 3D printers and Rapid Additive Forging INTEGRATED Enhanced capabilities through internal and external growth OFFERING STRATEGIC Building strategic partnerships to strengthen our
Slide 6: 2017: Delivering on our financial priorities
2017: DELIVERING ON OUR FINANCIAL PRIORITIES Revenue EBITDA1 € million € million 2015 2016 2017 +38% -1,2 34,8 25,2 -2,9 17,8 -4,9 2015 2016 2017 STRONG REVENUE GROWTH AND IMPROVED PROFITABILITY: EBITDA BREAKEVEN REACHED DURING Q4 2017 1 EBITDA: Profit (loss) from continuing operations before deprec
Slide 7: Broadening of our portfolio of technologies
BROADENING OF OUR PORTFOLIO OF TECHNOLOGIES PROMAKER LD-10 PROMAKER P1000 Compact high precision 3D printer based on Industrial plastic 3D printer at an affordable our proprietary MonvingLight technology price (<100,000 euros) Confirming our leadership in the dental field First internally developed
Slide 8: New strategic partnerships to strengthen our position
NEW STRATEGIC PARTNERSHIPS TO STRENGTHEN OUR POSITION Technology partnership on materials and processes 3DEXPERIENCE MarketPlace Strategic material partnerships 8
Slide 9: Enhanced capabilities through internal and external growth
ENHANCED CAPABILITIES THROUGH INTERNAL AND EXTERNAL GROWTH 3D PRINTERS PART DESIGN LIQUID RESINS & 3D DESIGN PODIATRY, DENTAL & EARMOLD & RAPID ADDITIVE & PRODUCTION POLYMER POWDERS SOFTWARE DIVISIONS FORGING • Acquisition of 75% of Interson Protac • Acquisition of 100% of AvenAo • Above 4 million r
Slide 10: 2017 financial highlights
2017 financial highlights Pierre-Olivier Gisserot, CFO 10
Slide 11: Strong revenue growth driven by both divisions
STRONG REVENUE GROWTH DRIVEN BY BOTH DIVISIONS Revenue Direct revenue breakdown by geography € million +38% Rest of the world 34,8 9% 25,2 17,8 17,8 12,2 7,2 Europe France 28% 63% 17,4 10,6 13,1 2015 2016 2017 11
Slide 12: P&L Highlights
P&L HIGHLIGHTS (€ million) 2017 2016 Change REVENUE 34,8 25,2 +38,1% SYSTEMS 17,4 13,1 +32,8% PRODUCTS 17,8 12,2 +46,7% Reduced losses on machines EBITDA1 (1,2) (4,9) n/a reflecting financial discipline SYSTEMS (1,6) (5,4) n/a despite continued PRODUCTS 0,8 1,4 -39,6% structuration Development costs
Slide 13: Sustained investments in R&D and fixed assets
SUSTAINED INVESTMENTS IN R&D AND FIXED ASSETS € million 5,5 4,9 R&D increased by 10% 3,7 2,9 >5% revenue Assets expected to grow in 2018 On-demand parts production 1,8 2,0 2016 2017 R&D Fixed assets 13
Slide 14: A sound financial structure to implement our growth plan
A SOUND FINANCIAL STRUCTURE TO IMPLEMENT OUR GROWTH PLAN Change in net cash position as of December 31, 2017 € million NET CASH POSITION AT YEAR-END: €36,9 MILLION 14
Slide 15: Strategy and outlook
Strategy and outlook Raphaël Gorgé, CEO 15
Slide 16: Installation of RAF technology industrial machine at Nexteam Group
INSTALLATION OF RAF TECHNOLOGY INDUSTRIAL MACHINE AT NEXTEAM GROUP Photo piece RAF RAF machine arriving in Toulouse Gentilin site of NEXTEAM GROUP by June 2018 16
Slide 17: 2018: Consolidating and expanding
2018: CONSOLIDATING AND EXPANDING SYSTEMS PRODUCTS Commercial acceleration of ProMaker Sustained investment in on-demand P1000, LD10 and Rapid Additive Forging activity for series production Launch of new resins, notably in the Strengthening of commercial efforts medical field within earmolds activi
Slide 18: Innovation at the heart of Prodways' strategy
INNOVATION AT THE HEART OF PRODWAYS’ STRATEGY Creation of an Advanced industrial Continuous investment in Development of a projects R&D program dedicated to Rapid Additive Forging technology transforming industrial applications Rapid Molding offer development 18
Slide 19: M&A part of Prodways' strategy
M&A PART OF PRODWAYS’ STRATEGY Synergies with machine and +80% commercial resources parts activities to be enhancement implemented Several M&A targets under consideration within both Systems and Products divisions 19
Slide 20: 2018 Perspectives
2018 PERSPECTIVES Revenue € million Above €50 million revenue (+43% growth) 50+ Profitability improvement within both divisions 34,8 25,2 17,8 0,1 5,0 2013 2014 2015 2016 2017 2018e 20
Slide 21: Q&A
Q&A WWW.PRODWAYS-GROUP.COM